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St. Canice’s Kilkenny Credit Union Ltd.

is now inviting applications for the following position:


Chief Financial Officer (CFO) (1 year fixed term contract)

St. Canice’s Kilkenny Credit Union Ltd, a large community credit union with assets in excess of €450 million, wishes to appoint a Chief Financial Officer (CFO) with financial management and strategic experience for a fixed term contract.

Reporting directly to the CEO, the CFO will support the CEO in executing the strategic plan and business model development of the credit union from a financial perspective. They will also report to committees and the Board of Directors on a monthly basis. They will be an integral part of the senior management team, and will manage a best-in-class financial and credit control function to meet the current and future needs of this large community based credit union and to ensure its long-term financial sustainability and value proposition to members. The role is a Pre-Approval Controlled Function under the Central Bank’s Fitness & Probity requirements.

 

Principal Responsibilities

 

Strategic Plans, Business Model Development and Financial Strategies

  • Lead and deliver on the creation and implementation of strategic business plans, business model development and financial strategies for the credit union.

  • Contribute financial and accounting information, analysis, and recommendations to strategic thinking and direction and business cases for new projects and products.

  • Develop financial strategic projections, forecast requirements, monitor budgets and action plans.

  • Report performance measures that support the strategic direction and assist in the monitoring and continuous improvement of every area of the credit unions operations e.g. key ratios, income analysis, product/loan analysis, cost analysis, productivity and performance, etc.

Investments

  • Administration of a large investment portfolio and ensuring regulatory and internal policy compliance regarding investments.

  • Manage liquidity to meet the credit union daily requirements.

  • Analyse and recommend to the CEO and finance committee on maximising the return on invested funds by identifying investment opportunities and maintaining relationships within the investment community.

Financial Information & Reporting

  • Manage the reporting of financial information for every area of the business to aid decision-making

  • Monitor and report the monthly financial status of the credit union by developing forecasts, reporting results, analysing variances and developing improvements.

  • Report financial and credit control results to the senior management team, CEO, committees and the Board.

  • Production of annual projections, monthly management accounts with supporting schedules, prior year and variance reporting.

  • Oversee payroll, the accounts and bookkeeping function, the cash function, end of day procedures to include daily office balancing, all reconciliations and the electronic member payments function.

  • Liaise with other third parties, including investment advisors, banks, internal and external auditors in relation to the credit union’s finance and credit control function.

  • Co-ordinate & facilitate the statutory interim & annual audit with external auditors.

  • Responsible for the preparation of operational, regulatory and financial returns to third parties to include the Central Bank, ILCU, and Revenue.

  • Understand and mitigate key elements of the risk profile for the finance and credit control functions and report any risk issues to the Head of Risk & Compliance and CEO.

  • Monitor reliable control systems ensuring compliance with all legal and regulatory requirements in finance and credit control. Report any compliance issues to the Head of Risk & Compliance and CEO.

  • Direct the daily operations of the finance and credit control function, analysing processes, tasks, establishing priorities, developing team members in reaching high standards of work and performance targets, setting and reaching tight deadlines, and ensuring the finance and credit control functions are run efficiently and effectively and the people operate as a cohesive team.

  • Manage the performance and the development of staff within finance and credit control through personal reviews, training, and development needs analysis.

  • Continuously monitor, review and improve practices, policies, procedures, controls, operating and people processes and systems to maximise efficiency and effectiveness in every area of finance and credit control.

The Requirements

The successful candidate will:

  • Be a qualified accountant with at least 5 years post-qualification experience in a financial management role preferably in the credit union, the financial services or regulated sectors. May also have experience in auditing in the credit union sector, experience in a financial management role in financial services or a similar role in a regulated entity.

  • Have excellent skills and experience in financial planning and strategy, forecasting, reporting and presentation of financial information, budgeting, managing profitability, promoting process improvement, meeting regulatory requirements, preparation of monthly and statutory accounts, and IT systems from a financial perspective. Advanced knowledge of excel is required.

  • Have significant experience in partnering with a CEO and an executive team, and in supporting and enabling the executive team to identify, develop, and implement transformative strategies and changes in their areas of operations to deliver on the goals and objectives of the organisation and to adapt quickly and successfully to opportunities, threats and challenges.

  • Have a high level of commercial awareness and strategic thinking skills. A proven track record in strategic thinking, strategic business model development, commercial decision making and business case analysis, with a high level of written and oral communication skills is required.

  • Be an experienced people manager with excellent skills in developing and coaching team members to achieve high levels of performance.

  • Act as a role model leader demonstrating the highest standards of professionalism, behaviour, ethical management, integrity and honesty.

  • Be a Pre- Approval Controlled Function under the Central Bank’s Fitness & Probity requirements.

 
 

Applications including CV by email only addressed to;
 
cobrien@metamo.ie, Catherine O’Brien, HR Business Partner, Metamo
 
Closing Date for receipt of applications is 30th July, 2021
 

Short listing may apply and assessment will be done on the basis of the information provided in the application. Canvassing will disqualify
 
St Canice’s Kilkenny Credit Union Ltd is an Equal Opportunities Employer